Four of the building’s six stories will be built out initially. The fifth floor will be constructed as shell space for future expansion, and the sixth floor will house mechanical equipment.

Funding for the project is being provided by multiple sources:

- $14 million from the city of Phoenix
- $66 million in revenue bonds provided by the University of Arizona
- $20 million in private donations, including $5 million already in hand

“The Arizona Cancer Center is a tremendous next step on the Phoenix Biomedical Campus, and we look forward to continued growth,” said Mayor Greg Stanton. Located on a 28-acre Downtown Phoenix site, the decade-old campus encompasses research, academic and clinical facilities.